A friend suggested that where I am purchasing in Toddington I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Toddington conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Toddington around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Toddington Education with maps and statistics, Local Amenities and other useful data about Toddington.
five months have gone by since my purchase conveyancing in Toddington took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Toddington differ for newly converted properties?
Most buyers of new build premises in Toddington come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is finished. This is because house builders in Toddington tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Toddington or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Toddington in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some lenders tend refuse to issue a loan on this type of property.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Toddington. Conveyancing may be slightly more expensive based on your lender's requirements.
We're first time buyers - agreed a price, but the estate agent told us that the vendor will only go ahead if we appoint their preferred solicitors as they want a ‘quick sale’. We would rather use a family conveyancer accustomed to conveyancing in Toddington
It is highly unlikely the sellers are behind this. If they desire ‘a quick sale', taking such a hostile approach to a genuine buyer is counter productive. Avoid the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to go, with finances in place © you are unencumbered (d) you intend to proceed fast (e)however you intend to instruct your preferred Toddington conveyancing firm - not the ones that will provide their estate agent a referral fee or hit his conveyancing figures set by HQ.